A.I.M. Users Bulletin Board

[OldAIMGuy]

Hi I, Re: Market Stability and Govt. interference in private business..........

Well, removing the Up-Tick Rule in 2007 certainly was "government" action. I'd say that was not only a stupid mistake, but one that has cost many an investor a very large amount of his/her net worth in the last 6 months. It would have taken a very large cash reserve to have held off the BEARS for all of that time.

However, that's just SEC, not private enterprise involvement.

Should we continue down the slippery slope toward "nationalized" everything, I guess we'll all be Gummint employees eventually. There probably won't be a stock exchange then until after the next revolutionary war. It's probably best to get a job working for the IRS. Great job security.

Seriously, if private enterprise wants and can buy itself free from Uncle Sam's embrace, they'll do so. Nobody likes a monkey on their back and Gummint is one big bunch of monkeys.

Best regards, Tom